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Insurance Definition: LLOYDS

By Compuquotes Team on March 27th, 2008

LLOYDS:

Definition:

  • Corporation formed to market services of a group of underwriters. Does not issue insurance policies or provide insurance protection. Insurance is written by individual underwriters, with each assuming a part of every risk. Has no connection to Lloyd's of London, and is found primarily in Texas.

Information provided by Insurance Information Institute

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